How to Turn Human Resources Into a Profit-Driving Machine?

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Suraj
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The pandemic has taught one thing to organizations – every department needs to go an extra mile and help the firm stay financially strong. And companies who were able to turn human resources into a profit-driving machine did gain a significant competitive lead. 

We have seen many organizations dissolve in these past 6 months. Drawing reports from a survey of 5800 small businesses, “43% of businesses had temporarily closed, and nearly all of these closures were due to COVID-19.” 

Likewise, there have been companies who seem to be thriving. Companies are reimagining to fit into the new aspirations of their customers. The game is of a whole new level and many of them are even setting the bar higher and higher. 

If there is one thing you will find common among all these, it is that all their CEOs will be seen applauding their HRs.

Companies that are empowering its workforce and giving HRs the driver seat are gaining tremendously. 

So, if you are a company and are reeling under the aftermath of the pandemic and have yet underestimated the role of your human resources, it’s time to bounce back. Here are some ways you can turn human resources into a profit driving machine and take your business through the pandemic. 

ALSO READ: HR Lessons We All Need to Learn From “The Office” Web Series

 

Ways You Can Consider to Turn Human Resources Into a Profit-Driving Machine for Your Organization

 

Make them the enablers of digital transformation

The role of transforming organizations on several scales of technology has been the turning point for companies recently. Digital transformation continues to be an important step for companies amid a movement-restricted environment. 

Companies where HRs are leading DX processes and are at the forefront of implementation are helping achieve results faster. HRs have a better understanding of where transformation must get implemented first, unlike the regular where everything starts from the upper management. 

 

Empower them to give useful benefits instead of gimmicky perks

Rather than coming up with insensitive perks, organizations must empower HRs to bring useful benefits to the table. Creative perks can be fun, but they help very little in fulfilling the long-term goals of employees. 

Empower your human resources managers to rethink new ways of building the mental and physical health of employees. 

Some great tangible benefits ideas are:

  • Skills training and learning courses
  • Care kits for pregnancy
  • Childcare 

You can take ideas from this US-based demand generation company True Influence that came up with a unique stress-relief page to support its workforce during the recent crisis. 

 

Hear out their opinions – in terms of everything

Have you asked your HRs how they like the office infrastructure, or in turn, made them ask the rest of the workforce’s opinion about the same? Feedbacks and surveys are the most important growth tools for organizations of the current century. If you have sky-high visions, all of you need to be on the same page. 

 

Your HR can play better roles than party planning committees or annual event organizers. They are like the Cinderella of your organization who, despite having unimaginable talents, are rarely given much opportunity.

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